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business
communication research

Questions and Answers of Communication Research

Use the five-step decision-making process
Identify unused capacity and how to manage it
Understand the four perspectives of the balanced scorecard
Understand what comprises reengineering
Describe two pricing practices in which non-cost factors are important
Use life-cycle budgeting and costing when making pricing decisions
Understand how companies make long-run pricing decisions
Discuss the three major factors that affect pricing decisions
Understand other issues that play an important role in capacity planning and control.
Examine the key factors managers use to choose a capacity level to compute the budgeted fixed manufacturing cost rate.
Describe the various capacity concepts that firms can use in absorption costing.
Understand how absorption costing can provide undesirable incentives for managers to build up inventory.
Compute income under absorption costing and variable costing, and explain the difference in income.
Identify what distinguishes variable costing from absorption costing.
Calculate variances in activitybased costing
Explain the relationship between the sales-volume variance and the production-volume variance
Compute the fixed overhead flexible-budget variance, the fixed overhead spending variance, and the fixed overhead productionvolume variance
Compute the variable overhead flexible-budget variance, the variable overhead efficiency variance, and the variable overhead spending variance
Appreciate the special challenges of budgeting in multinational companies
Recognize the human aspects of budgeting
Use computer-based financial planning models for sensitivity analysis
Describe the master budget and explain its benefits
Understand how managers use variances
Compute price variances and efficiency variances for direct-cost categories
Calculate flexible-budget variances and sales-volume variances
Examine the concept of a flexible budget and learn how to develop it
Understand static budgets and static-budget variances
Illustrate the flow of inventoriable and period costs
Describe the set of business functions in the value chain and identify the dimensions of performance that customers are expecting of companies
Understand how management accountants help firms make strategic decisions
Distinguish financial accounting from management accounting
What sorts of agreements do countries enter into to reduce barriers to international trade?
Why do countries restrict international trade?
What is the relationship between domestic and foreign interest rates and changes in the exchange rate?
How do we find the domestic currency return on a foreign bond?
Why don’t similar goods sell for the same price all over the world?
How does a change in the exchange rate affect the prices of goods traded between countries?
What are the advantages and disadvantages of fixed and floating exchange rates?
How do fixed and floating exchange rates differ in their adjustment to shifts in supply and demand for currencies?
How is equilibrium determined in the foreign exchange market?
What kinds of exchangerate arrangements exist today?
How does a commodity standard fix exchange rates between countries?
Why are incomes unequally distributed among nations?
Do government programs intended to reduce poverty benefit the poor?
What are the determinants of poverty?
Who are the poor?
How is poverty measured, and does poverty exist in the United States?
Are incomes distributed equally in the United States?
Is government intervention necessary or justified to solve market failures?
What are network externalities?
What are moral hazard and adverse selection problems?
How does the government solve externality and free rider problems?
What are free rider problems?
What are externalities?
Why does a lack of private property rights lead to market failures?
How are private property rights defined?
What are the benefits of free markets?
How does a firm allocate its expenditures among the various resources?
How are resource prices determined?
Who are the buyers and sellers of resources?
Are discrimination and freely functioning markets compatible?
What is the effect of illegal immigration on the economy?
What is the effect of income taxes on workers?
What is the impact of a minimum wage law on unskilled labor?
What is offshoring?
What is the impact of technological change on workers?
What are compensating wage differentials?
Are people willing to work more hours for higher wages?
What are bubbles and panics?
What causes bond prices to rise and fall?
What causes stock prices to rise and fall?
What does a stock index represent?
What are stocks? How are stocks bought and sold?
What is the impact of technological change on the capital market?
What is the capital market?
What is the optimal rate of use of natural resources?
What is the difference between renewable and nonrenewable natural resources?
What is the difference between the land market and the markets for uses of land?
Why is health care heading the list of U.S.citizens’ concerns?
Why worry about Social Security?
What is the relationship between costs and output in the long run?
What is the law of diminishing marginal returns?
What is the role of economic profit in allocating resources?
What is the difference between economic profit and accounting profit?
What is a market structure?
How do firms decide how much to supply?
What are the long-run equilibrium results of a perfectly competitive market?
What is the firm’s supply curve in the long run?
What is the firm’s supply curve in the short run?
What is the break-even price?
When will a firm shut down permanently?
At what point does a firm decide to suspend operations?
How does the firm maximize profit in the short run?
What does the demand curve facing the individual firm look like, and why?
What is perfect competition?
How do the predictions of the models of perfect competition and monopoly differ?
Under what conditions will a monopolist charge different customers different prices for the same product?
Why would someone want to have a monopoly in some business or activity?
What does the demand curve for a monopoly firm look like, and why?
How is a monopoly created?

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